Business auto loan on used car?

[lilhelp]

I need to purchase a used vehicle for one of my employees and am wondering how this works. The last couple of vehicles we purchased we paid cash so this has never happened. Things are tight right now so we are looking to finance a 3-4 year loan on about $8k for a used vehicle.

 

How does this work? Will the dealerships be able to set this up or do they usually only do business (NON PG) loans on new or leased vehicle?

 

FWIW my business credit is old and excellent. I just don't want to look like an salamander by asking for this if it's not done.

Thanks.

[TomKC]

If you have old and excellent business history, I'd talk to whatever bank your business banks with first and see what they can offer, and then when you work with the dealership you can either not worry about financing, or let them try and do better to save you some money.

[MarvBear]

does this help answer your question, or do you need clarification. If so, please specify.

 

http://creditboards.com/forums/index.php?showtopic=148072